Archive for the 'ATM' Category

FIRST ATM MACHINE OPENED ON THIS DAY

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On September 2, 1969, America’s first automatic teller
machine
(ATM) makes its public debut, dispensing
cash to customers at
Chemical Bank in Rockville
Centre,
New York. ATMs went on to revolutionize the
banking industry,
eliminating the need to visit a bank
to conduct basic financial transactions.  

By the 1980s, these money machines had become
widely popular and handled
many of the functions
previously performed by human tellers, such as
check deposits and  money transfers between
accounts. 

Today, ATMs are as indispensable to most people
as cell phones and e-mail.



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Donald C. Wetzel (93) is an American businessman known
for holding the USA patent to the
automatic teller machine.

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posted by Bob Karm in ANNIVERSARY,ATM,Banking,CLASSIC ADS,DEBUT,Fincncial,HISTORY,Invation,Inventor and have No Comments

FIRST ATM OPENED ON THIS DAY IN 1969


America’s first automatic teller machine (ATM) made
made its public debut, dispensing cash at Chemical
Bank in Rockville Centre,
New York. ATMs went on
to revolutionize the banking industry.

America's first ATM was demonstrated in 1969 at the former Chemical Bank in Rockville Center, LI.
Donald Wetzel (center) demonstrates America’s first ATM in 1969 at
the former Chemical Bank in Rockville Center, LI.

posted by Bob Karm in ANNIVERSARY,ATM,DEBUT,Fincncial,HISTORY and have No Comments